US fund managers waste $200m every year on research

Firms are wasting around a third of the amount they spend annually on external market research, finds a survey by US consultancy Verge Advisory

By

David Ricketts

February 12, 2018 9:32 a.m. GMT

US asset managers are wasting hundreds of millions of dollars every year on external research and data, with some having no clear idea about how much they are spending.

According to a study by consultancy Verge Advisory, these investment firms are underutilising around a third of the $600m they collectively spend on market insights into product and sales opportunities.